Autozone lifts buyback; CEO adds the chairman's post

RobertDaniel

TEL AVIV (MarketWatch) -- Autozone Inc.,
AZO, +0.46%
the Memphis auto-parts retailer, said late on Wednesday that the board boosted the company's share-buyback authorization by $500 million to $5.9 billion. The company also said that President and Chief Executive William Rhodes III added the post of chairman. As chairman, Rhodes succeeds J.R. Hyde III, Autozone's founder, who remains a director.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.